Employment for Utilities: Utilities (NAICS 221) in the United States
Percent Change from Year Ago
IPUCN221W201000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
N/A%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' measures the annual percent change in U.S. industrial production. It is a key economic indicator of manufacturing activity and a barometer of the overall economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the percent change in total industrial production, which includes manufacturing, mining, and utilities. It is a widely followed metric that provides insight into the health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on monthly surveys of industrial facilities.
Historical Context
Analysts and policymakers monitor this trend to assess the strength of the manufacturing sector and broader economic conditions.
Key Facts
- Industrial production accounts for about 20% of the U.S. economy.
- The percent change from a year ago reached a high of 8.3% in March 2022.
- Declines in this metric can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' measures the annual percentage change in total U.S. industrial production, including manufacturing, mining, and utilities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and direction of the U.S. economy, as industrial production is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on monthly surveys of industrial facilities across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess manufacturing activity and broader economic conditions, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of around six weeks from the end of the reference period.
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Hours Worked for Utilities: Utilities (NAICS 221) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN221W201000000), retrieved from FRED.